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Exactly, which goes back to those with learning disabilities or simply lower IQs who 40 years ago would have held union blue collar jobs or high paying factory jobs, who now stock shelves at Walmart cause so many of those jobs went bye bye. There are entire towns in south Jersey where one major factory like DuPont supported a thriving middle class for decades, which simply imploded when the factory packed up and left. You could buy a home there pretty cheaply but there aren’t any jobs there anymore.
Exactly, which goes back to those with learning disabilities or simply lower IQs who 40 years ago would have held union blue collar jobs or high paying factory jobs, who now stock shelves at Walmart cause so many of those jobs went bye bye. There are entire towns in south Jersey where one major factory like DuPont supported a thriving middle class for decades, which simply imploded when the factory packed up and left. You could buy a home there pretty cheaply but there aren’t any jobs there anymore.
Or north Jersey, where years ago in Mahwah the Ford plant was a source of jobs for many in the town.
I remember back in the 1970s when I was making $2.25 an hour at the Channel DIY store (for the kiddies here, a Jersey chain that predated Lowe's or Home Depot), one of my coworkers had a second part-time job on the assembly line at Ford making $4.50 an hour. I thought that was some good bucks.
Now all that's left of the Ford plant is the cleanup for the paint they dumped in the wooded areas forty years ago that's coming up out of the ground in blue splotches.
I didn’t know that! We’ve been outsourced, lol?
No, the owner of the site has always been the same Polish guy. Lech somebody. Didn't you see his tweets that were on the lower right for a while? Don't know where they went.
How do they graduate from college with minimal debt? Not everyone has a family that can help them out. The days of just working your way through college, like I did, are long gone. I paid about $1000 a year in tuition in 1990. A quick Google search shows that in-state tuition, at that same school, is now $11,581. And that's just tuition, not fees, housing, etc.
Exactly. College costs are astronomical. I graduated 16 years ago and there was no way I was going to get through college by working alone. It would have taken me 10 years of living on minimum wage. Sorry, not happening. Luckily I qualified for some grants. But unless you're wealthy or your parents were really able to save on a 529, you're not getting out of college debt free and like you said, tuition is only part of the equation. This is no doubt one of the biggest hindrances.
Quote:
Originally Posted by NORTY FLATZ
I think a better question could be-
How can we help younger people get into a house as an owner?
There’s gotta be a way, without throwing $$$$$$$$$$$$$$$$$$$$ at it.
How can we help younger people get into a house as an owner?
There’s gotta be a way, without throwing $$$$$$$$$$$$$$$$$$$$ at it.
Build more houses, build them where it's cheaper to build them, and leverage remote work in order to disperse people around the country and put downward pressure on existing property. That would have a secondary benefit of being economic stimulus for struggling areas.
We had this problem before - right after WWII there was a similar housing shortage. We built affirdable houses. Millions of them. Created whole new towns.
My school was $16,000 a year tuition alone, in the early 90’s. Now it’s over $40,000 a year. If you want to major in PT, OT, or other specialized allied health programs there aren’t a lot of choices. The only college in NJ that offered my program was 2 hours away (mine was in Philly) so I wouldn’t have been able to commute. I also didn’t go to college till I was almost 30. His scenario is an idealized scenario, there are a lot of us that worked right out of high school and didn’t go back till later. But even at a young age to think most majors can be had without debt is fantasy. As is a city with $1000 a month apartments with $40,000 a year starting salaries.
Which is why the answer is to live at home and commute. The 7,000 undergraduate state university in my town is $14,408 in tuition and fees. There's bus service so you don't need a car on the days you can't get to campus on a moped/scooter. Minimum wage is $13.50. There aren't many jobs that pay less than $20. You can at least do your first two years there without needing any student loans. Work full time during summer break and Christmas break banking pretty much all of it. There are lots of part time jobs where you can study much of the time during the 7 months you're actually in classes.
Which is why the answer is to live at home and commute. The 7,000 undergraduate state university in my town is $14,408 in tuition and fees. There's bus service so you don't need a car on the days you can't get to campus on a moped/scooter. Minimum wage is $13.50. There aren't many jobs that pay less than $20. You can at least do your first two years there without needing any student loans. Work full time during summer break and Christmas break banking pretty much all of it. There are lots of part time jobs where you can study much of the time during the 7 months you're actually in classes.
You do realize that scenario is not even remotely possible for a lot of people?
No, the owner of the site has always been the same Polish guy. Lech somebody. Didn't you see his tweets that were on the lower right for a while? Don't know where they went.
I never understood who that was. I'm not a Twitter person either though.
Build more houses, build them where it's cheaper to build them, and leverage remote work in order to disperse people around the country and put downward pressure on existing property. That would have a secondary benefit of being economic stimulus for struggling areas.
We had this problem before - right after WWII there was a similar housing shortage. We built affirdable houses. Millions of them. Created whole new towns.
Blue collar workers cannot work remotely. They didn't just build affordable houses back then though, they had the G.I. Bill which helped a lot of vets buy homes, a program many on these threads would call socialist today. It actually was a socialist program, but it helped create the middle class. But now socialism is the "S" word and people have been unfortunately brainwashed to believe it hurts the middle class. On many threads here, you can find people complaining about the requirement for towns to build affordable houses, and in fact we had a president pretty much scaremonger people into believing it would bring gang members into the suburbs.
Now if corporations are buying up all the homes to resell or rent them at a premium (there is a thread topic on this I think on Real Estate but not sure), as well as people coming from foreign countries on real estate junkets to buy investment homes (a lot of wealthy Chinese do this, in fact they bought 11.5 billion worth of American real estate in 2019-2020, a sixth of the total real estate sold) I can't see how we ever get back to a healthy middle class that can afford homes.
Last edited by ocnjgirl; 07-17-2021 at 10:55 AM..
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